IGST should be Paid by the Importer on Ocean Freight in Case of CIF Basis Contract under Reverse Charge: AAR [Read Order]

The Authority of Advance Ruling (AAR) in Karnataka has ruled that, Integrated Goods and Services Tax (IGST) should be paid by the importer on Ocean Freight in case of CIF basis contract under reverse charge. The applicant M/S M.K Agro Tech. Pvt. ltd has filed an application for advance ruling under section 97 of CGST […]

The post IGST should be Paid by the Importer on Ocean Freight in Case of CIF Basis Contract under Reverse Charge: AAR [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2P5y2DD